To use their ill-gotten cash, criminals must make it appear legitimate. That is the job performed by money launderers, who increasingly use cryptocurrencies. According to digital currency analytics company Elliptic,
To generate revenue and foster customer loyalty, many businesses, including retailers, airlines, and credit card companies, create loyalty and reward programs. Such programs can help companies attract and retain customers,
Fraud perpetrators take whatever they can get their hands on. But they generally prefer cash because it is virtually untraceable. Fortunately, fraud experts have the expertise and tools to trace
Fraudulent behavior is not necessarily perpetuated by people hiding their identities. For example, legitimate customers sometimes use the credit card chargeback process to their advantage — and to the disadvantage
Although auto sales plunged at the start of the COVID-19 pandemic, they have since rebounded. In fact, some dealerships are reporting record sales in 2021. However, problems remain — including
The COVID-19 pandemic has put enormous pressure on global supply chains. As companies struggle to obtain the goods and materials they need, they may not pay as much attention to
Bad faith denials of claims by insurers are illegal but some dishonest companies or agents attempt them anyway. It is possible that just when you have the greatest need, you
As counterintuitive as it may seem, law firms are not immune to criminal activity. Because some firms place enormous pressure on attorneys to produce billable work, they may be particularly
Not all red flags lead to active occupational fraud schemes. But when fraud is occurring, it usually leaves traces — for example, accounting anomalies — for fraud experts and other
It is not always easy being small. For one thing, small businesses (with fewer than 100 employees) experience higher occupational fraud losses: a median $150,000 vs. $140,000 for larger companies,
